Consider the Following to Answer the Question(s) Below

question 18

Multiple Choice

Consider the following to answer the question(s) below:
A regression was performed to predict the Selling Price of a yacht in thousands of dollars based on the number of Rooms it had, its Age (years) , and its Length (feet) . The R2 is 68.45%. The equation is given here.
Selling Price = 120.51 + 7.46 Rooms - 1.78 Age + 2.83 Length
-If a yacht has 5 rooms, is 4 years old, and is 60 feet long, what would the model predict the selling price to be?

• A) $320,490
• B) $250,960
• C) $332,650
• D) $199,340
• E) $301,490

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Definitions:

Terminally Ill

A terminally ill person is diagnosed with a disease that is inevitably leading to death, usually within a short period.

Stages

Describes the distinct phases or periods within a process or life cycle, where each stage has its own characteristics and requirements.

Terminally Ill

A description of a person who has a disease that cannot be cured and is expected to lead to their death.

Universality

The concept that certain ideas, values, or practices are universally applicable or resonate across different cultures and human experiences.